Court Slaps Injunction On 12 Lake Shore Entities

Law360, New York (April 28, 2008, 12:00 AM EDT) -- Securities regulators have won a court injunction against the many foreign-based entities of Lake Shore Ltd. in the ongoing litigation accusing the commodity pool operator of defrauding investors out of hundreds of millions of dollars.

The U.S. District Court for the Northern District of Illinois granted the U.S. Commodity Futures Trading Commission's motion for a preliminary injunction order on Thursday, enjoining additional commodity pools controlled by Lake Shore's principal, Philip J. Baker.

The order was something of a formality, since it followed a ruling earlier this...
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